Briefing of Important News
This week, price of PrNd, DyFe andTb fell slightly. Price from Asian Metal at this weekend presented: PrNd metal 403-408RMB/KG, DyFe alloy 1850-1870RMB/KG and Tb metal 5050-5100RMB/KG.
According to statistics from the General Administration of Customs, China exported 2997.7 tons of rare earth permanent magnet products in August, down 6.04% from July and up 8.13% from August 2018. The average export price in August was 47.10USD/kg, rose by 1.98% month-on month, down by 1.10% year-on-year. By August, China exported 22,900 tons rare earth permanent magnets in 2019 in total, increase 2.71% year-on-year.
Analysis of Professional Insiders
With the National Day coming, although downstream is cautious in purchasing and restraining the market, there is still a certain amount of inventory gap, and the deadline for procurement has arrived. In addition, separation enterprises in Baotou, Ganzhou, Mianning and other places have controlled production in order, to ensure environmental protection and safety during the Celebration period. Some enterprises are expected to be in limit production time about 20 days.
Demand has temporarily improved, and the rare earth products that have experienced the decline before the holiday have gradually stopped falling. And the sales of PrNd oxide have even rebounded slightly. With the increase of inquiries, the upstream separation plant has more confidence in price. The bulk cargo holders and traders who had previously rushed to run, the price cuts have begun to stabilize their minds, and the low supply is very few.
The heavy rare earth weakened again, and the impact of Tengchong's short-term customs clearance on the industry's mentality gradually eased. In addition, the major manufacturers continued to clean up the low supply recently, and the panic mentality converges to calm.
According to the feedback from different manufacturers, by September 28, it is estimated that the Rare earth reduced oxide in Tengchong will be around 2,000 tons in one week. In terms of the actual increase of heavy rare earths, it is not enough to affect the current level of price. The trend is still expected to be further stable. (Rui Dow Rare Earth Information)